Cost accounting is a highly complex process and can be considered a significant challenge, especially for businesses with a large number of sales items or high sales volumes. Although each business generally has its own cost calculation system, calculations are made based on certain procedures. The Cloudy ERP Cost Management Module allows you to calculate your profit very quickly by comparing your expenses with your revenues.

With the Cost Management Module, calculating general administrative expenses, inventory costs, and other invoiced expenses by deducting purchasing costs from sales amounts takes only seconds. Moreover, you do not need to be an accounting specialist to perform these calculations. The application transforms cost accounting, which involves many complex items, into a process that can produce results within seconds and can be used across all industries.

INCREASE YOUR PROFITABILITY

Analyzing profitability is a highly complex set of calculations for businesses. Although expenses are incurred across many categories such as inventory costs, depreciation costs, general administrative expenses, advertising, and marketing expenses, results are generally calculated by comparing only the purchase cost with the sales price. However, many different expense items arise between these two transactions, and some of these expenses may be overlooked because they do not have direct nominal equivalents. In fact, a comprehensive profit and loss calculation that includes all details is essential to determine how a sale that is actually being made at a loss can be turned into a profitable one. The Cloudy ERP Cost Management Module performs exactly this function. With its detailed cost calculation capabilities for businesses of all sizes, the application enables highly precise calculations and accurate profitability analysis.

Under today’s conditions, with low profit margins and significant expenses, there is no doubt that you need to perform precise calculations. By determining whether the goods you purchase or the services you sell or broker are being sold at the correct margins, you can develop a profitability-focused pricing strategy and increase your profitability. The Cloudy ERP Cost Management Module provides you with advanced tools for this purpose.

FUNCTIONS

The Cloudy ERP Cost Management Module allows you to calculate costs for each project by including all expenses, from production and purchasing to inventory and depreciation expenses. At this point, database information available in other functions of the application can be included in the calculation, or cost calculations can be performed based on custom entries. The scope of the features the application can provide is parallel to mathematical possibilities. In other words, the Cloudy ERP Cost Management Module can essentially calculate any type of cost.

With the analyses you perform through the Cost Management Module, you can make long-term plans and see the current profitability of your business. These processes, which are critically important for businesses, are offered by Cloudy ERP as standard features.

CALCULATING NET PROFIT BY ALLOCATING EXPENSES TO SALES

Calculating costs and profitability in the retail sector is possible by taking several factors into account. General administrative expenses, inventory expenses, and marketing expenses are fundamental cost items for retail businesses and many businesses selling goods. Cloudy ERP automatically determines purchase and sales prices and retrieves other cost items through the standardized accounting system, allowing your costs to be determined accurately. Businesses that only conduct sales need to perform just a few operations to calculate their costs. If desired, the software can even calculate and display your annual profitability ratios based on your balance sheet.

You can perform simple calculations or detailed cost accounting calculations based on a standardized accounting system through the Cloudy ERP Cost Management Module. All these processes are carried out in accordance with universal accounting calculation methods and based on the Turkish tax legislation system. Features such as converting your year-end calculations into detailed reports and generating your balance sheets instantly are also among the components of the software.